Tag Archives: Higher Salary

Will Salary Increment Brings Higher Tax?

A friend of mine who is Senior Manager of manufacturing industry recently got a pay rise of RM500, which increasing his monthly income to RM10,500 and putting him in a much higher tax bracket. He came back to me to ask whether should he take the pay rise?

tax on salary increment

Now, I would like to share with you the percentage of the increment that goes tax when the salary increase by RM500 per month.

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